Deputy Prime Minister Le Minh Khai has approved reforms to the tax system.

According to the Decision No. 508/D-TTg approving the Strategy for Tax System Reform to 2030 signed by Deputy Prime Minister Le Linh Khai, Vietnam will have a road map to increase excise taxes on tobacco, and alcohol products.

While some experts suggest tax measures can help stabilise the property market in the short term, some say the current tax is not enough to...

Cross-border platforms (such as Google, Facebook, Netflix) and foreign suppliers can register and pay taxes online through etaxvn.gdt.gov.vn.

Key tasks of the General Department of Taxation in 2021 include tax management and tax collection from online business activities, and from individuals and businesses with revenue generated from Facebook, Google and YouTube.

A 29-year-old Hanoi woman earned VND30 billion (nearly $14.5 million) a year by writing software for Google Play and App Store, paying tax of VND23.4 billion (over $1 million).

E-commerce platforms must be electronically connected with tax management agencies from the beginning of next year, not from next month, as the tax watchdog aims to better collect taxes from sellers operating on the platforms.

Despite progressively stricter regulations by tax collectors, individuals running business via online platforms are always a step ahead finding workarounds.

Hanoi has proposed to the Ministry of Finance the imposition of a tax or fine on owners of half-finished and abandoned townhouses and villas which were causing considerable waste of land resources.

A reasonable taxation policy is expected to help settle several problems, including excessive investment in high-end apartment and villa projects, and speculation buying.

The General Department of Taxation under the Ministry of Finance is studying a proposal on increasing the threshold of taxable revenue for individual landlords renting out houses.

The HCMC Tax Department has proposed piloting a plan to tax apartments for lease in five residential blocks in District 11.

"Unusual fever" for mutant orchids has spread from the northern provinces of Quang Ninh, Son La, Hoa Binh to the Central Highlands. 

Vietnamese YouTube content creators are unhappy about an announcement from Google about a deduction of up to 30 percent from their earnings from the platform.

Tax revenues from online advertising business models of foreign organisations that do not have legal entities in Vietnam like Google, YouTube or Facebook hit VND1.14 trillion ($49.5 million) last year.

The age of unfettered freedom for online business and vendors is coming to a close as Vietnamese authorities are building policies to better trace these activities and collect the state’s due.

Collecting tax from cross-border platforms as well as people profiting from them is the government’s leading mission in 2021.

Earlier this month the Government’s amendment of tax regulations for ride-hailing services, which increases the tax they actually pay, was a topic of hot debate in the media.

Starting on December 5, investors will have to pay a 5 per cent individual income tax if they want to sell bonus and dividend shares in accordance with Decree 126/2020/NĐ-CP.